Overstock.com 2014 Annual Report Download - page 93
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Table of Contents
During the fourth quarter of 2006, we began a facilities consolidation and restructuring program designed to reduce the overall expense structure in
an effort to improve future operating performance. The facilities consolidation and restructuring program was substantially completed by the end of the
second quarter of 2007.
Restructuring liabilities along with charges (credits) to expense and payments associated with the facilities consolidation and restructuring program
are as follows (in thousands):
Year ended December 31, 2014 $ 445
$ 7
$ (92)
$ (360)
$ —
Year ended December 31, 2013 $ 1,197
$ 71
$ (352)
$ (471)
$ 445
During the years ended December 31, 2014 and 2013, we reversed approximately $360,000 and $471,000, respectively, of lease termination costs
primarily due to changes in our restructuring accrual as a result of our reoccupation of a portion of formerly restructured office space.
Our comprehensive income (loss) is as follows (in thousands):
Consolidated net income $ 8,801
$ 84,378
$ 14,669
Other comprehensive loss:
Unrealized loss on cash flow hedges, net of benefit for taxes of $387, $0, and $0 (621)
—
—
Other comprehensive loss (621)
—
—
Comprehensive income $ 8,180
$ 84,378
$ 14,669
Accounts receivable consist of the following (in thousands):
Accounts receivable, other
$ 11,292
$ 10,098
Credit card receivables
8,182
6,101
19,474
16,199
Less: allowance for doubtful accounts
(511)
(152)
Accounts receivable, net
$ 18,963
$ 16,047
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